Greystone Housing Impact Investors LP (NYSE:GHI) Sees Large Increase in Short Interest

Greystone Housing Impact Investors LP (NYSE:GHI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 21,400 shares, agrowthof494.4% from the July 15th total of 3,600 shares. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is presently 0.5 days. Approximately0.1% of the company’s shares are short sold. Approximately0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 44,900 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Greystone Housing Impact Investors by 16.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,727 shares of the company’s stock worth $99,000 after buying an additional 1,250 shares in the last quarter. Stifel Financial Corp boosted its holdings in Greystone Housing Impact Investors by 4.9% during the fourth quarter. Stifel Financial Corp now owns 51,017 shares of the company’s stock worth $523,000 after buying an additional 2,361 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Greystone Housing Impact Investors during the second quarter worth approximately $37,000. Motco bought a new stake in Greystone Housing Impact Investors during the second quarter worth approximately $46,000. Finally, NewEdge Advisors LLC bought a new stake in Greystone Housing Impact Investors during the fourth quarter worth approximately $134,000. Institutional investors and hedge funds own 9.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GHI. JMP Securities decreased their target price on Greystone Housing Impact Investors from $16.00 to $14.00 and set a “market outperform” rating for the company in a research report on Friday, August 8th. Jones Trading decreased their target price on Greystone Housing Impact Investors from $13.50 to $11.00 and set a “buy” rating for the company in a research report on Monday.

Greystone Housing Impact Investors Price Performance

GHI opened at $10.44 on Friday. The firm has a market cap of $246.18 million, a price-to-earnings ratio of -130.48 and a beta of 0.61. Greystone Housing Impact Investors has a fifty-two week low of $10.12 and a fifty-two week high of $14.51. The company’s 50-day moving average price is $11.40 and its 200 day moving average price is $11.85. The company has a quick ratio of 9.97, a current ratio of 7.93 and a debt-to-equity ratio of 3.85.

Greystone Housing Impact Investors (NYSE:GHI) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. The company had revenue of $23.59 million for the quarter, compared to analysts’ expectations of $25.65 million. Greystone Housing Impact Investors had a return on equity of 5.63% and a net margin of 0.98%. As a group, sell-side analysts expect that Greystone Housing Impact Investors will post 1.9 earnings per share for the current year.

Greystone Housing Impact Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Monday, June 30th. Greystone Housing Impact Investors’s dividend payout ratio (DPR) is currently -1,500.00%.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.